Precious Metals August gold on the COMEX fell $9.90 (-0.62%) to $1,587.00 a troy ounce Thursday (see survey #2 settle price chart below). That was the third straight day of declines after 10-days in a row of gains. The golden metal is down for the week but 2.87 percent higher over the last 30-days. Investors are waiting for the outcome of the Greek debt talks. Some analysts believe the price is poised for a decline as Germany and France agree to a framework for Greece. September Silver declined 61 cents (-1.54%) to $38.947 a troy ounce. The ratio between gold and silver expanded as silver falls quicker. Palladium and platinum were both higher. In Asia the price of gold and silver are declining (see Tokyo Commodity Exchange TOCOM Chart below). The price of gold fell 36 yen per gram (-0.89%) to ¥4,013. That works out to $1,581.81 an ounce. Silver fell 2.20 percent. Energy Prices September light sweet crude oil (WTI) on the New York Mercantile Exchange (NYMEX) climbed 73 cents (+0.74%) to $99.13 a barrel. Natural gas and heating oil were both lower, but coal was higher. In Japan the price of oil and gasoline dropped. Oil fell 500 yen per kiloliter to ¥55,620. Forex Trading and Currency Exchange Rates The U.S. dollar (USD) declined early against all major currencies (see average rate chart below). Later in the day the USD turned around vs the Japanese yen (JPY) and euro (EUR). The USD/JPY hit 78.6 and the EUR/USD hit 1.4409 (see intraday chart below). The Australian dollar (AUD) gained vs all major currencies (see cross tables below). The Canadian dollar (CAD) fell 0.628 percent vs the British pound sterling (GBP).

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